Demetri Martin is working on a TV show, and it's not season 3 of Comedy Central's 'Important Things with Demetri Martin.'

According to The Hollywood Reporter, Martin has signed a deal with CBS to write, produce, and star in a new show. The Hollywood Reporter and TV Squad both confirmed there will be no season 3 of 'Important Things.'

It's a blind script deal, which means the show could be anything. And given Martin's vast imagination, it would be pointless to speculate on the details. The Reporter does point out that Martin fits with CBS's desires to court a young audience, in line with recent actions like developing new shows based on Twitter feeds.

On last night's 'Important Things with Demetri Martin' (Thu., 12:30AM ET on COM), the comedian used a, shall we say, unconventional method to procure the all-important armrest at the movies.

When the guy sitting next to won't relinquish the space, Demetri Martin pulls out a finger puppet, delicately adding tiny tennis shoes. The puppet wins out, with no verbal confrontation between the two men. In fact, no words are exchanged throughout the entire scene. How very kind and considerate of Martin toward his fellow movie fans.

Watch the video after the jump.

Demetri Martin has some really interesting theories about money. For instance, did you know that if a person uses the term "moola," that means they have a little bit of money? We didn't either, but it makes perfect sense.

On the other hand, if they use the term "assets," that means they have a lot of money. Again, we're onboard with this theory. We didn't realize, though, that if you call money "napkins," that means something very special.

He's got all the answers on 'Important Things With Demetri Martin' (Thu., 10PM ET on COM).

Watch the video after the jump.

Here's hoping Matt Damon has some space on his DVR, because it looks like he'll need it this February. No, not for the announcement of the Oscar nominations, but for something far more important: the return of Sarah Silverman.

Yes, according to TV Guide, Comedy Central has finally scheduled the third season premiere for 'The Sarah Silverman Program,' which will return to the airwaves on February 4 in the 10:30PM time slot. Silverman, who, of course, famously boasted of a (fictional) relationship with Damon on 'Jimmy Kimmel Show!,' has been off the air for well over a year while the network sorted out details of the show's return.

Comedy Central has announced that The Sarah Silverman Program will begin its third season and Important Things with Demetri Martin will begin its second season this coming February. It looks like Sarah Silverman's show made it despite the budget cuts.

Silverman's show was hilarious in its first season. The second season wasn't quite as good. The entire concept around her character gets grating over time (I find the same is true of her stand-up). The conclusion is that Sarah Silverman is best in small doses. Having a character that is so self-absorbed and unrecognizing of her own mistakes only works for characters like Master Shake. Of course if she actually learned a lesson, then the show would be over.

Having not seen any episodes of Demetri Martin's show, I cannot comment. I did enjoy his appearance on Flight of the Conchords (I still hum "Doggy Bounce" sometimes). How do you feel about the return of these shows?

When I first previewed Important Things with Demetri Martin, I was hoping it would get good enough ratings to allow Martin to stick around and explore a little bit. I've enjoyed him as a stand-up comedian, both live and on his Comedy Central specials.

Important Things was the perfect vehicle for Martin, showcasing his absurdist deadpan, allowing him to work with some talented friends like John Oliver, Jon Benjamin, David Cross, and Amanda Peet, and even letting him play a musical number or two.

If you've been watching Comedy Central, you may have noticed one of the roughly several thousand ads for the new show, Important Things with Demetri Martin. We also gave you a glimpse of it last week. All the hype can sometimes be a sign of a show in need of propping up. Not so with Important Things. I got a hold of two episodes in advance, and the show is worth watching, or DVRing, if you're one of those people who sometimes leaves the house. The show premieres February 11 at 10:30 PM.

Martin is a talented comedian whose act is built around offbeat one-liners (in the tradition of Steven Wright and, later, Mitch Hedberg). But he's also an artist and musician, incorporating his drawings (through and easel onstage) and songwriting into his stage act. Important Things is a great extension of that, allowing Martin to animate some of his drawings or pay attention to details that couldn't be seen onstage (like a view of the letter "R" from behind that shows its tiny "R" butt), in addition to musical pieces and sketch comedy.